Exxon Mobil (XOM) Stock Is the 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of Exxon Mobil Corp  (XOM) are up 0.77% to $89.53 in midday trading Monday, after the oil and gas company reported better than expected earnings results for the 2015 first quarter last Thursday.

The company earned $1.17 per share for the first quarter, higher compared to forecasts of 83 cents per share, according to analysts polled by Thomson Reuters.

Revenue came in at $67.62 billion for the period, compared to the $56.39 billion analysts were expecting.

Irving, TX-based ExxonMobil is the largest publicly traded international oil and gas company and holds an industry-leading inventory of resources. The company is the largest refiner and marketer of petroleum products.

Insight from TheStreet's Research Team:

Bryan Ashenberg and Bob Lang have identified ExxonMobil as the TrifectaStocks.com Chart of the Day. Here is what Ashenberg and Lang had to say about the stock's chart:

Oil names have been on the run the last couple weeks, as crude continues to climb.

The commodity has just finished near $60 for the first time in months, but it's the big integrated oils that have made a mark.

The biggest of them all, Exxon Mobil, has a nice looking chart that may have more upside to come.

We can see from the chart the nice series of higher highs and higher lows since early April.

Volume trends have been positive, and we can see very good Relative Strength as the price has risen; but, not in alliance with the indicators, which tells us price action has lagged.

We see a couple of gaps now in the chart at $91 and $93 or so which are good targets to get filled.

DISCLOSURE: Trifecta Stocks has no position in XOM. This Alert is a technical analysis of the company's chart, and we are not taking any action in the stock at this time.

- Bryan Ashenberg and Bob Lang, "Chart of the Day: XOM," originally published 5/4/15 on TrifectaStocks.com

Want more information like this from Bryan Ashenberg and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now.

Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXXON MOBIL CORP (XOM) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and deteriorating net income."

You can view the full analysis from the report here: XOM Ratings Report

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing